Foresters prepares U.S. annuity launch

Foresters Financial plans to launch a multi-year guaranteed annuity (MYGA) in the U.S. in 2027 and has hired Tom Ross as Chief Distribution Officer, U.S. Annuity Sales, to lead its distribution efforts.

Ross joined effective October 12, 2026, in the newly created role. He will oversee U.S. annuity sales strategy and build the distribution network for the planned product.

He brings 16 years of financial services experience, most recently serving as National Distribution Vice President at F&G, where he led agent-facing wholesaling and national account teams.

Foresters currently offers life insurance in the U.S. and Canada, along with life insurance and savings products in the UK.

“People don’t only want to protect the ones they love. They want to know their savings will be there when they retire. A MYGA gives them that certainty. Tom is the right person to bring it to market. Distribution partners trust him because he shows up, listens and follows through. That’s the kind of annuity business we want to build in the U.S.” – Andrea Frossard, Chief Commercial Officer, Foresters Financial.

“I’m excited to join Foresters at such an important moment. What drew me here was the purpose behind the business. Foresters exists to look after its members and their communities. That matters to the distributors I work with, and it matters to the clients they serve. I’ve spent my career helping distribution channels succeed. Now I get to build something new with them.” – Ross.